Economics

Best Export And Income To External Debt Ratios by Country

In Algeria, exports exceed short term external debt by 45 to 1, and in China the same figure stands at 32 to 1.

Short term external debt over best exports and income indicates a country’s ability in repaying their external debts without problems. Simply put, a country with a trade surplus and high primary income fulfills its external obligations without difficulty. The current socioeconomic dynamics and trade market conditions of an economy also influence such favorable ratios.

Socioeconomic dynamics is a country’s progress dependent on its economy’s performance. It is also how social processes dictate the economy of a country. Trade market conditions are the existing turnover and past returns that influence current market values. In short, a country’s ability to repay its external debt is favorable when it has a trade surplus and high primary income.

Algeria

Algeria tops the list of countries with the best exports and income to its external debt ratio, at 2.2% short term external debt relative to such gains. Its gas and oil export earnings account for around 97% of its exports in 2012. Its trade surplus and huge foreign exchange reserves has boosted its economy. Reforms would also permit a transformation of its economy while jobs for younger people would energize its economy.

China

China is second with the an export and income to its external debt ratio at 3.1% short term external debt relative to such gains. As Asia’s largest economy for quite some time now, it continues to influence Asian markets and remains number one largest exporting economy in the world today. However, its per capita income remains well below world standards.

Nigeria

Nigeria is third with an export and income to its external debt ratio at 7.5% short term external debt relative to such gains. Its exports of oil and natural gas accounts for around 91% of total exports and responsible for its rapid economic growth. The 2014 export figures reached US $97.9 billion. Other main exports contributing to its growth are raw materials, minerals, copper, and aluminum.

Thailand

Thailand is fourth best with an export and income to its external debt ratio at 9.6% short term external debt relative to such gains. Its top exports are vehicles, medical, technical equipment, and machinery. The rest are largely comprised by engines, pumps, plastics, electronic equipment, gems, precious metals, coins, meat and seafood preparations, cereals, oil, and rubber.

Mauritius

Mauritius is fifth with an export and income to its external debt ratio at 11.7% short term external debt relative to such gains. Its main exports are sugar, textiles, and clothing. Other exports include cut flowers, molasses, fish, and broadcasting equipment. Sugarcane accounts for 25% of its export earnings. Its 2014 estimated export amounted to $3.135 billion USD.

Solomon Islands

Solomon Islands is sixth best in export and income to its external debt ratio at 13.8% short term external debt relative to such gains. Its main exports are timber, copra, tuna, cocoa, and palm oil, which totaled around $646 million USD in 2014. Its estimated exports in 2010 was $216.5 million USD. Agriculture accounted for 37.7% of its GDP.

Bulgaria

Bulgaria is seventh with an export and income to its external debt ratio at 15.2% short term external debt relative to such gains. Its 2015 estimated exports amounted to $24.33 billion USD. Its main export earners are refined oil, copper, chemicals, wheat, and manufactured goods such as clothing and footwear. Its economy grew by around 3% in 2016.

Kazakhstan

Kazakhstan is eighth best in export and income to its external debt ratio at 15.4% short term external debt relative to such gains. Its 2015 estimated exports reached $45.37 billion USD. Its main exports are petroleum products, metals, chemicals, machinery, wool, grain, meat, and coal. Petroleum products include crude oil, refined oil, and gas. It is also the biggest economy in Central Asia.

Azerbaijan

Azerbaijan is ninth in terms of export and income to its external debt ratio at 16.2% short term external debt relative to such gains. Its 2015 estimated export reached $16.38 billion USD. Its main exports are gas, oil, machinery, food, and cotton. It now has an oil-based economy that has transitioned from a formerly agricultural one. Its primary export partners are in the European Union, especially the United Kingdom.

Maldives

Maldives is tenth best in export and income to its external debt ratio at 19.0% short term external debt relative to such gains. Its estimated 2015 exports reached $21.20 million USD. Its main exports are fish, engines, and scrap metals. Fish exports account for around 40% of its total exports. Its fish exports are dried fish, canned fish, frozen fish, and fresh fish.

Countries With The Best Export and Income To External Debt Ratios

RankCountryShort Term External Debt Relative To Exports And Primary Income
1Algeria2.2%
2China3.1%
3Nigeria7.5%
4Thailand9.6%
5Mauritius11.7%
6Solomon Islands13.8%
7Bulgaria15.2%
8Kazakhstan15.4%
9Azerbaijan16.2%
10Maldives19.0%

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